VERDER-INVEST: what changed
VERDER-INVEST
Largest movements
- Cash +€109,453
up €109,453 (+2,965%), from €3,691 to €113,145
mainly Current investments (+€99,063) and Depreciation (+€20,792)
- Current investments -€99,063
no longer reported in 2026 (was €99,063)
- Tangible fixed assets -€20,792
down €20,792 (-7.0%), from €295,350 to €274,557
of which Plant, machinery and equipment: -€12,050
- Receivables after one year -€7,780
down €7,780 (-39.6%), from €19,632 to €11,852
- Receivables within one year -€6,879
down €6,879 (-5.1%), from €135,094 to €128,215
of which Trade receivables: -€9,364
- Debts after one year -€37,971
no longer reported in 2026 (was €37,971)
- Other debts +€17,873
up €17,873 (+66.2%), from €27,000 to €44,873
- Gross operating margin -€3,934
down €3,934 (-7.4%), from €53,253 to €49,319
- Taxes -€977
down €977 (-11.6%), from €8,432 to €7,455
- Other operating charges -€741
down €741 (-32.4%), from €2,291 to €1,550
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €552,830 | €527,788 | -€25,041 | -4.5% |
| Fixed assets | 21/28 | €295,350 | €274,557 | -€20,792 | -7.0% |
| Tangible fixed assets | 22/27 | €295,350 | €274,557 | -€20,792 | -7.0% |
| Land and buildings | 22 | €272,128 | €263,386 | -€8,742 | -3.2% |
| Plant, machinery and equipment | 23 | €23,222 | €11,171 | -€12,050 | -51.9% |
| Current assets | 29/58 | €257,480 | €253,231 | -€4,249 | -1.7% |
| Amounts receivable after more than one year | 29 | €19,632 | €11,852 | -€7,780 | -39.6% |
| Other amounts receivable | 291 | €19,632 | €11,852 | -€7,780 | -39.6% |
| Amounts receivable within one year | 40/41 | €135,094 | €128,215 | -€6,879 | -5.1% |
| Trade receivables | 40 | €16,504 | €7,141 | -€9,364 | -56.7% |
| Other amounts receivable | 41 | €118,589 | €121,074 | +€2,485 | +2.1% |
| Current investments | 50/53 | €99,063 | - | -€99,063 | |
| Cash at bank and in hand | 54/58 | €3,691 | €113,145 | +€109,453 | +2,965% |
| Deferred charges and accrued income | 490/1 | - | €19 | +€19 | |
| Total equity and liabilities | 10/49 | €552,830 | €527,788 | -€25,041 | -4.5% |
| Equity | 10/15 | €474,015 | €473,997 | -€19 | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €180,000 | €180,000 | = | 0.0% |
| Reserves | 13 | €275,415 | €275,397 | -€19 | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €273,555 | €275,397 | +€1,841 | +0.7% |
| Amounts payable | 17/49 | €78,814 | €53,792 | -€25,023 | -31.7% |
| Amounts payable after more than one year | 17 | €37,971 | - | -€37,971 | |
| Trade debts | 175 | €37,971 | - | -€37,971 | |
| Amounts payable within one year | 42/48 | €40,843 | €53,792 | +€12,949 | +31.7% |
| Trade debts | 44 | €2,300 | €2,899 | +€598 | +26.0% |
| Suppliers | 440/4 | €2,300 | €2,899 | +€598 | +26.0% |
| Taxes, remuneration and social security | 45 | €11,543 | €6,020 | -€5,523 | -47.8% |
| Taxes | 450/3 | €11,543 | €6,020 | -€5,523 | -47.8% |
| Other amounts payable | 47/48 | €27,000 | €44,873 | +€17,873 | +66.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,792 | €20,792 | -€0 | 0.0% |
| Other operating charges | 640/8 | €2,291 | €1,550 | -€741 | -32.4% |
| Gross operating margin | 9900 | €53,253 | €49,319 | -€3,934 | -7.4% |
| Operating profit (loss) | 9901 | €30,170 | €26,978 | -€3,192 | -10.6% |
| Financial income | 75/76B | €760 | €836 | +€75 | +9.9% |
| Recurring financial income | 75 | €760 | €836 | +€75 | +9.9% |
| Financial charges | 65/66B | €432 | €378 | -€55 | -12.6% |
| Recurring financial charges | 65 | €432 | €378 | -€55 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €30,498 | €27,436 | -€3,062 | -10.0% |
| Income taxes | 67/77 | €8,432 | €7,455 | -€977 | -11.6% |
| Profit (loss) for the period | 9904 | €22,067 | €19,981 | -€2,085 | -9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €22,067 | €19,981 | -€2,085 | -9.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.